02/09/2026
Martin Lewis today described a Lasting Power of Attorney as being "more important than a Will".
Speaking on his BBC podcast, Martin said: "If you lose mental capacity, don't assume relatives can access your bank, your insurance, and a whole host of other things. And that can literally mean the money you need to pay for your care is locked away and inaccessible.”
“Losing faculties doesn't just happen to the elderly. Some people have severe strokes, they have accidents, they have early dementia. I've had a power of attorney in place since my 30s."
Many people assume that their spouse, partner or children would automatically be able to manage their finances or make important decisions on their behalf if they became unable to do so. Unfortunately, that's not always the case.
A Lasting Power of Attorney allows you to choose someone you trust to make decisions for you if you're no longer able to make those decisions yourself.
Having an LPA prepared by a solicitor can help ensure your wishes are clearly recorded and that everything has been completed correctly.
Find out more about Lasting Powers of Attorney here 🔗 https://buff.ly/LKsNB74